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Feb 24, 2015
02/15
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said chair janet yellen -- fed chair janet yellen heads to washington. yellen begins two days of testimony before congress. lawmakers are demanding more transparency from the fed. democrats accuse the fed of being too cozy with the bank that regulate, many republicans are unhappy with the fed's aggressive monetary policy. and americans flocked to home depot for the last three months. it posted orderly earnings moments ago showing it beat estimates, giving an assist to rising home prices. they urge consumers to spend more on their houses. also an approved $18 billion stock buyback. shares up as much as 2% in premarket trading. tom: in the oscars "birdman" might have soared in the academy awards, it had the lowest ratings since 2009. critics say one more sign that hollywood is out of touch with moviegoers. 5 million people have seen "birdman." 40 million americans have seen another nominee, i'm "american sniper." a pre-yellen data check, euro $1.13 oil below $49.85 a barrel. things are relatively quiet in europe kiev, and athens. berlin, our hans nichols i
said chair janet yellen -- fed chair janet yellen heads to washington. yellen begins two days of testimony before congress. lawmakers are demanding more transparency from the fed. democrats accuse the fed of being too cozy with the bank that regulate, many republicans are unhappy with the fed's aggressive monetary policy. and americans flocked to home depot for the last three months. it posted orderly earnings moments ago showing it beat estimates, giving an assist to rising home prices. they...
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Feb 24, 2015
02/15
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janet yellen will be in focus today. she heads to capitol hill for the first part of her semiannual testimony to congress. some fed watchers believe yellen could keep alive the idea of a june rate hike. last week the fed minutes suggested many officials were inclined to keep rates low even longer. but events such as the strong january jobs report may have changed their stance. you can see her testimony right here on cnbc starting at 10:00 a.m. eastern. >> and here at worldwide exchange we have decided to may a bit of janet yellen bingo. which single word do you expect the fed chair to say most often. oil or perhaps inflation? maybe we'll hear the focus on employment or patience. >> yes. patience i think is the word that analysts will be looking for when she takes it to capitol hill but i think from my perspective it will be oil. i think oil was mentioned 69 times during janet yellen's last testimony. >> was it? >> that's what i do on my weekends. >> a big number to beat. >> i wonder if she'll focus on what central banks
janet yellen will be in focus today. she heads to capitol hill for the first part of her semiannual testimony to congress. some fed watchers believe yellen could keep alive the idea of a june rate hike. last week the fed minutes suggested many officials were inclined to keep rates low even longer. but events such as the strong january jobs report may have changed their stance. you can see her testimony right here on cnbc starting at 10:00 a.m. eastern. >> and here at worldwide exchange we...
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Feb 24, 2015
02/15
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what janet yellen says about the u.s. economy in the next hour markets in the markets and two small business. if the economic landscape improves, so does small business growth. a number of companies are looking to benefit from the growth. upon it is one example. c with the ceo -- c with the ceo had to say to me. >> we have in\ revenue basis growing at about a 40% rate. we have the best brand and the industry with a low-cost. we are stepping on the gas as hard as we can. betty: one other company doing the same is endurance national group. they are helping small businesses build and grow an online presence over the cloud. ceo hari ravichandran joins me now. great to see you now. when we say small business with you, we are talking about the mom-and-pop shops like the dry cleaner down the street, the restaurant on main street and elsewhere. what are you finding? what services do they need? >> from our perspective, we are thinking about really small businesses with no real i.t. staff or technology function within the company.
what janet yellen says about the u.s. economy in the next hour markets in the markets and two small business. if the economic landscape improves, so does small business growth. a number of companies are looking to benefit from the growth. upon it is one example. c with the ceo -- c with the ceo had to say to me. >> we have in\ revenue basis growing at about a 40% rate. we have the best brand and the industry with a low-cost. we are stepping on the gas as hard as we can. betty: one other...
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Feb 25, 2015
02/15
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that's what janet yellen thinks right, professor? richard: absolutely and the audit is focused on balance sheet issues and the like. the issue is that the fed could actually monitor policy decisions, which would be a big mistake. tom: we will come back into about this with david haro. i would mention that i grew up in the middle of nowhere in new york. you grew up in the love nowhere in manhattan. olivia: and look off far i've come in life. coming up next, townhall immigration. ♪ tom: good morning everyone. olivia sterns and brendan greeley with me this day. right now, a look at the bloomberg terminal. this is wage growth back to lbj nominal wage growth. i'm going to get a raise this year. i'm going to get a raise this year. and then down we go into a cyclical 4% nirvana slowdowns wages get lower, and we never come back. bringing: and it has taken some time for economic advisers to recognize this. people look at the size of their paycheck. richard: and some of the best work on this was done by janet yellen in her professorial days.
that's what janet yellen thinks right, professor? richard: absolutely and the audit is focused on balance sheet issues and the like. the issue is that the fed could actually monitor policy decisions, which would be a big mistake. tom: we will come back into about this with david haro. i would mention that i grew up in the middle of nowhere in new york. you grew up in the love nowhere in manhattan. olivia: and look off far i've come in life. coming up next, townhall immigration. ♪ tom: good...
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Feb 25, 2015
02/15
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ok guys number one -- our story is janet yellen. janet yellen is nearing patience. she has been laying down the groundwork for a possible increase in rates later this year. some speculation that she will drop that patience word come the march meeting. two meetings later, we might see a rise. >> stocks actually rose. i think that means that there is finally a broad consensus that a rate increase is coming this year at some point. more or less, what i think the markets are saying is, look, we do not take all that hot mess. we should see more opposition. betty: look at the bond market. the rhetoric seems to be that it is not in a rate hike right now. >> she had a really tough job yesterday. it could be a slip of the time. >> she learned her lesson from last time. betty: by all accounts, it seemed that the market reaction was the best that she would get was an applause of her performance yesterday. will should be able to repeat that again today? as stocks start trading c as someone else can turn well. chief strategist at black rock says that a rate hike is still possibl
ok guys number one -- our story is janet yellen. janet yellen is nearing patience. she has been laying down the groundwork for a possible increase in rates later this year. some speculation that she will drop that patience word come the march meeting. two meetings later, we might see a rise. >> stocks actually rose. i think that means that there is finally a broad consensus that a rate increase is coming this year at some point. more or less, what i think the markets are saying is, look,...
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Feb 25, 2015
02/15
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day two of janet yellen on capitol hill. this time, the federal reserve chair testifying for the house financial services many. a contentious back and forth with the committee chairman and she reiterated her position that the fed should not use devices to determine interest rates. >> i do not think the fed should chain itself to any mechanical rule. i have the privilege to meet with professional -- professor taylor right after he proposed in 1993. >> a sign that the housing industry may be stabilizing. a faster pace than expected, the rate was little changed from december's figure, the highest in more than six years. the weather may have skewed the results. new home sales fell more than 50% to an all-time low. and it was a happy holiday for the discount retailer that posted better-than-expected profits now focusing on the u.s. , and he got rid of the money-losing use it in canada last january. >> the news about the danish torrent -- toymaker, lego today. the full-year revenue rose 14% in 2014 and was helped why new toys base
day two of janet yellen on capitol hill. this time, the federal reserve chair testifying for the house financial services many. a contentious back and forth with the committee chairman and she reiterated her position that the fed should not use devices to determine interest rates. >> i do not think the fed should chain itself to any mechanical rule. i have the privilege to meet with professional -- professor taylor right after he proposed in 1993. >> a sign that the housing industry...
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Feb 24, 2015
02/15
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is this all about janet yellen's testimony? >> the market is up but it is about janet yellen. it's about the fact she's now clarified clarified, rates aren't going up in june. even though the market kind of sensed it it's a little bit of this relief rally. there's not a lot of volume not necessarily people just piling in, and we seem to be hitting some resistance on the s&p at 2115. we would expect that to happen and allow the market to back and fill as it prepares for the next move. >> jim is it possible the market is getting this guessing wrong. janet yellen not necessarily opening the door to moving later but perhaps to moving sooner? where are you in terms of the first rate hike? >> i'm a little surprised. i didn't hear her say they weren't going to go in june. what i heard today, the biggest difference in terms of what she said before was she was really emphasizing when we drop patient, it doesn't necessarily mean we're going to go two meetings later. she's setting the stage for them to drop patient in march. does that mean they go in june? no, but they'll have the option
is this all about janet yellen's testimony? >> the market is up but it is about janet yellen. it's about the fact she's now clarified clarified, rates aren't going up in june. even though the market kind of sensed it it's a little bit of this relief rally. there's not a lot of volume not necessarily people just piling in, and we seem to be hitting some resistance on the s&p at 2115. we would expect that to happen and allow the market to back and fill as it prepares for the next move....
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Feb 25, 2015
02/15
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janet yellen signals a shift in policy makers' medication strategies. ♪ mark: more on fed chair janet yellen's second day on capitol hill. josh wright joins me in studio. chairman yellen's testimony, what did you tell us about how she wants to shape and communicate that policy going forward? josh: janet yellen is signaling that this is the death knell for forward guidance. we are leaving the world where the fed will broadcast what it does to her three meetings in advance. we are going meeting by meeting where the fed will read the data and we have to read the data too, that is getting much of the world we saw before the financial crisis. mark: meeting to meeting as opposed to what they are doing now. what is wrong with the current strategy? josh: the economy is doing much better and it doesn't require the same amount of extraordinary stimulus we have had all this time. the fed is sought new ways to provide similar to the economy. one of those is we are not going to raise rates for considerable time until recently. now they say they will be patient raising rates. that wouldn't -- they
janet yellen signals a shift in policy makers' medication strategies. ♪ mark: more on fed chair janet yellen's second day on capitol hill. josh wright joins me in studio. chairman yellen's testimony, what did you tell us about how she wants to shape and communicate that policy going forward? josh: janet yellen is signaling that this is the death knell for forward guidance. we are leaving the world where the fed will broadcast what it does to her three meetings in advance. we are going meeting...
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Feb 25, 2015
02/15
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the reaction to janet yellen's comments were an interpretation that she was being dovish. of course 1.9% still significantly higher than other markets like germany. that relative yield difference is something we have to factor in as well when we're considering what it's at. it's not just what we expect the fed to do. 1.71% for the u.k. and in greece we're 8.65. for most of last week the range was 9.5 to 10.5. it's a marked improvement since that bailout improvement was at 8.65. very quickly the u.s. dollar reacting similarly to the bond market. as we look at things today it weakened a little further against the euro. it's about a quarter of a percent move and sterling strengthened against the u.s. dollar. we had quite a rally in sterling year to date. about a half a percent move. oil trying to find a bottom over the last week or two. just below 50 on wti today. and brent 58.97. let's get a look in on what markets are doing in asia as well. sri is standing by in singapore. over to you. >> we're in reasonable shade. there's two key factors really supporting sentiment out her
the reaction to janet yellen's comments were an interpretation that she was being dovish. of course 1.9% still significantly higher than other markets like germany. that relative yield difference is something we have to factor in as well when we're considering what it's at. it's not just what we expect the fed to do. 1.71% for the u.k. and in greece we're 8.65. for most of last week the range was 9.5 to 10.5. it's a marked improvement since that bailout improvement was at 8.65. very quickly the...
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Feb 26, 2015
02/15
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that was a fiery janet yellen. but if you want to talk about central bank independence, moving away from d.c. and go straight to turkey. the turkish central bank continues to come under political fire from the president. erdogan, even after cutting rates. yesterday erdogan insisted he will continue to make warnings on rate cuts calling the recent 25 basis point cut condescending. let's bring back the head of fx strategy at bnp paribas. fire yesterday. you watch that. a lot more time talking about that kind of stuff then monetary policy. what is your take on? >> this is a key point. if you are central banker, you have to look at the fiscal side very closely. uk's a good example, too. so the central bank has to take that on board. if you have a government that comes in and has tight fiscal policy, that is going to have an impact on monetary policy. from what janet yellen is saying, she has to take that into account. this will always be the situation. there will always be a trade-off between the politicians and the ce
that was a fiery janet yellen. but if you want to talk about central bank independence, moving away from d.c. and go straight to turkey. the turkish central bank continues to come under political fire from the president. erdogan, even after cutting rates. yesterday erdogan insisted he will continue to make warnings on rate cuts calling the recent 25 basis point cut condescending. let's bring back the head of fx strategy at bnp paribas. fire yesterday. you watch that. a lot more time talking...
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Feb 24, 2015
02/15
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we will take you back to janet yellen's testimony. she is responding to questions from senator tim scott. >> certainly very different scenarios between the fed and banks. $4.5 trillion in the way that you wind it down would reverberate throughout the economy in a way that no other financial organization would have impact. the path of fred is incredibly important -- the path for it is incredibly important. >> one of our plans is that we want to wind down our balance sheets in an orderly, gradual, and predictable way. we have decided to use as our main tool of policy when the time comes for normalization something that is much more familiar both to us and to markets and that is variations in short-term interest rates. of course an alternative to that would be to say when the time comes to say we want to tighten monetary policy, we could begin to sell assets. that would be another way of going about doing business. we have more experience and markets have much more experience with variations in short-term rates. we want to proceed in tha
we will take you back to janet yellen's testimony. she is responding to questions from senator tim scott. >> certainly very different scenarios between the fed and banks. $4.5 trillion in the way that you wind it down would reverberate throughout the economy in a way that no other financial organization would have impact. the path of fred is incredibly important -- the path for it is incredibly important. >> one of our plans is that we want to wind down our balance sheets in an...
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Feb 24, 2015
02/15
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janet yellen is in the game. you have irons in the fire, do you almost every single thing, which is good. congratulations but the average person watching this show, do they continue to wait it out for the fed to move out of the way. >> i'm going to paraphrase a quote from american hustle one of my favorite quotes, g-rated version. sometimes in life all have you left is a few messed up choices. there's a lot of great choices. there's other things to invest in the stock market, but a lot of ways to play the stock market. >> we'll leave it there. the messed up was the part you edited for us. thanks for joining us, hitha, great to have you back. and people at home, we love when you watch the show. you're supporting us and we're trying to help and you make money. in the meantime, lou dobbs. keep it on fox business. lou: good evening, everybody. i'm lou dobbs. bombshell accusations that iran has a top secret underground nuclear site which it is enriching uranium intended for nuclear weapons. it is a site that has been
janet yellen is in the game. you have irons in the fire, do you almost every single thing, which is good. congratulations but the average person watching this show, do they continue to wait it out for the fed to move out of the way. >> i'm going to paraphrase a quote from american hustle one of my favorite quotes, g-rated version. sometimes in life all have you left is a few messed up choices. there's a lot of great choices. there's other things to invest in the stock market, but a lot of...
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Feb 26, 2015
02/15
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the interpretation was of a dovish comment from janet yellen. those moves perhaps slightly overdone. the ten year in the u.k. 1.67 and in greece 9%. still elevated but a bit lower than the 10% we were seeing earlier in the week and last week as well it has meant that the u.s. dollar has given up a little bit of ground. it's slightly less ground. we're looking at a bigger move against the rouble today. the dollar slid pretty much 60 as we look at it now and sterling which had a strong run since late january at 155-3 as we look at things today. oil has been trying to find a bottom and it's just about staying above 50 for wti. it's 50.8 and brent above 60 at the moment. so quite an interesting dissection today: seema, back to you. >> wti crude gaining about 4% in yesterday's trade. that might have been one of the reasons we saw the dow close at a record high. playing a big role in yesterday's rally. however the s&p 500 and the nasdaq did close slightly lower on the day. pu tours pointing to a different picture. perhaps a positive day on wall street
the interpretation was of a dovish comment from janet yellen. those moves perhaps slightly overdone. the ten year in the u.k. 1.67 and in greece 9%. still elevated but a bit lower than the 10% we were seeing earlier in the week and last week as well it has meant that the u.s. dollar has given up a little bit of ground. it's slightly less ground. we're looking at a bigger move against the rouble today. the dollar slid pretty much 60 as we look at it now and sterling which had a strong run since...
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Feb 24, 2015
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our focus is janet yellen. that is it for "the pulse." >> "surveillance" is up next live from new york live with tom keene and the team. follow us on twitter. join the conversation. ♪ >> forward guidance is so 2014. janet yellen reports to congress. there will be no slack of debate . everyone is a critic. all is quiet on the ukraine and greece front. headlines this hour. "foreign affairs" magazine looks at the domestic burden. good morning, everyone. this is "bloomberg surveillance ." we are live from new york. it is tuesday, february 24. joining me, olivia sterns and brendan greeley. we have breaking news on home depot. home depot, right now. >> we have home depot fourth-quarter net sales coming in at 19.1 6 billion the dollars -- $19.16 billion. sales are up 7.9%. >> wow. >> the
our focus is janet yellen. that is it for "the pulse." >> "surveillance" is up next live from new york live with tom keene and the team. follow us on twitter. join the conversation. ♪ >> forward guidance is so 2014. janet yellen reports to congress. there will be no slack of debate . everyone is a critic. all is quiet on the ukraine and greece front. headlines this hour. "foreign affairs" magazine looks at the domestic burden. good morning, everyone....
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Feb 24, 2015
02/15
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janet yellen is reaching patience and flexibility. chair yellen said inflation and wage growth are too slow, even as unemployment keeps falling and assisted the fed not be locked into a timetable to raise rates. classes is important to emphasize a modification of forward guidance should not be read as indicating the committee would increase the target range of the couple of meetings. questionnaire yellen said she strongly opposes in congress to increase oversight. this tuesday here in new york checking a screen, the chart shows crude oil is down about one third of 1%, trading now at 4925. congress is sending president obama legislation for the keystone xl pipeline. the white house indicating the president would quickly veto it in private. it would be the third veto of obama's presidency. they have yet to show they could muster the two thirds majority in both chambers they would need. boeing has lined up buyers for 10 of the early overweight dreamliner's. they became known for their problems during assembly. he is selling them for less
janet yellen is reaching patience and flexibility. chair yellen said inflation and wage growth are too slow, even as unemployment keeps falling and assisted the fed not be locked into a timetable to raise rates. classes is important to emphasize a modification of forward guidance should not be read as indicating the committee would increase the target range of the couple of meetings. questionnaire yellen said she strongly opposes in congress to increase oversight. this tuesday here in new york...
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Feb 25, 2015
02/15
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federal reserve chairman janet yellen continuing a second day on capitol hill. she's testifying before the house financial services committee. we will bring you the latest as that testimony continues. it has moved to markets. carl, yesterday markets in the green, fairly narrow range for the markets today as the q&a gets under way. >> first up this morning, less than 24 hours from a vote that could decide the future of the internet. the fcc is expected to vote on tom wheeler's proposal which would reclassify broadband internet service as a public all utility. supporters say it's the best way to make sure providers can't interfere with people's access. hillary clinton talking to kara swisher yesterday. take a listen. >> i would vote for net neutrality because as i understand it, it's title two with a lot of changes in it to avoid the worst of the utility regulation, so it's a foot in the door, it's a value statement. >> jon steinberg, did she make news yesterday? >> not really. i would vote for it if it is as i understand it because nobody understantes what it is.
federal reserve chairman janet yellen continuing a second day on capitol hill. she's testifying before the house financial services committee. we will bring you the latest as that testimony continues. it has moved to markets. carl, yesterday markets in the green, fairly narrow range for the markets today as the q&a gets under way. >> first up this morning, less than 24 hours from a vote that could decide the future of the internet. the fcc is expected to vote on tom wheeler's proposal...
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Feb 25, 2015
02/15
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it great performance by janet yellen. it was a performance. most people think june is a little less likely for a rate hike. bonds love that and i love that chart you put up of oil at $50. remember all those people that were talking about oil at $20 or $30. there was a lot of shorts out there, and i think this may be a factor when they're starting to realize it's highly unlikely we're going to see $30 oil at this point. >> so we're at a point now where higher oil is good for stocks. >> i think -- >> often it can go the other way. >> now that we've built a real base around $50. ba the low was around $45, the high was around $55. we're right in the middle and the market is perfectly comfortable staying there for the next few weeks. >> we're going out and we have a record for the dour not for the s&p, and we pull back on the nasdaq. stay tuned. those important earnings reports and the chairman of the financial services committee in the house jeb hensarling is joining kelly evans on the second hour of "the closing bell." i'll see you tomorrow. >>>
it great performance by janet yellen. it was a performance. most people think june is a little less likely for a rate hike. bonds love that and i love that chart you put up of oil at $50. remember all those people that were talking about oil at $20 or $30. there was a lot of shorts out there, and i think this may be a factor when they're starting to realize it's highly unlikely we're going to see $30 oil at this point. >> so we're at a point now where higher oil is good for stocks....
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Feb 24, 2015
02/15
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. ♪ janet yellen, you see her right there. earlier, at about 1028 eastern time she said the federal reserve will not raise interest rates at least the next few federal meetings. advanced guidance or forward guidance. you will hear about it before they do it. anymore highlights? we will take you there live. by the way, she said that about not raising interest rates for a couple more fed meetings. the dow is up 20, maybe 30 points. it is now up 68 points. that is a lifetime high. 18,000. got it. strong profits. strong sales at home depot. home depot is still up three nearly four points. look at apple. we have to follow this thing. it is down about $0.02. so what. there you go. 133. three quarters of a trillion dollars in market value. still below $50 a barrel. let's get to gas. 231 per gallon. yes, it went up another penny overnight. seems to me, this thing is going up a lot faster than it is coming down. special report post brett fair is here. this is question number one. are we going to see a deal, in your opinion? >> i think
. ♪ janet yellen, you see her right there. earlier, at about 1028 eastern time she said the federal reserve will not raise interest rates at least the next few federal meetings. advanced guidance or forward guidance. you will hear about it before they do it. anymore highlights? we will take you there live. by the way, she said that about not raising interest rates for a couple more fed meetings. the dow is up 20, maybe 30 points. it is now up 68 points. that is a lifetime high. 18,000. got...
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Feb 25, 2015
02/15
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recovery is just taking hold from janet yellen. and the market is nowhere near overbought, so the momentum in the dollar still remains firm here in there is an open and or and ed which it is -- open ed or an op-ed as it is called. the swedish central bankers are saying that they do not see a problematic issue with deflation. they will use the tools available to get inflation. problematic inflation is below trend. really is a question of whether the swedes are stepping out of the currency war at the moment. that is the swedish krona gaining a little bit -- swedish krona gaining a little bit at the moment. the point is that china is ready to hump the housing market and the purchasing managers index. both rising for the fourth month in a row. pimco called the bottom of the arm yesterday. bloomberg first heard that .7910 is where you will see the next big resistance on this aussie dollar rising. >> just getting news from the construction telecoms and media conglomerate, france's bouygues. they are saying it hundred 70 million euros. al
recovery is just taking hold from janet yellen. and the market is nowhere near overbought, so the momentum in the dollar still remains firm here in there is an open and or and ed which it is -- open ed or an op-ed as it is called. the swedish central bankers are saying that they do not see a problematic issue with deflation. they will use the tools available to get inflation. problematic inflation is below trend. really is a question of whether the swedes are stepping out of the currency war at...
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Feb 24, 2015
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how does that affect what janet yellen tells congress? >> that's the key piece of information about the fed decision-making we've had since the beginning of the year when they told they put the international developments on their watch list. what it means is the strong dollar is contributing to the deflationary forces but not the same way oil is. oil is just a trans a tory thing that hit the headlines in inflation. the dollar is getting to the core inflation, because holding down the import prices it gets to the core inflation. so it's different between the u.s. and the rest of the world. it will continue to put downward pressure on inflation. >> good to see you tonight. appreciate it. >> tha >>> and now to an important pillar of the economy. and it is housing. sales of previously owned homes slowed in january to the slowest pace in nine months. the national association of realtors says sales of existing homes dropped nearly 5% from the month before. the northeast and the west on the largest decrease that decline being attributed to the r
how does that affect what janet yellen tells congress? >> that's the key piece of information about the fed decision-making we've had since the beginning of the year when they told they put the international developments on their watch list. what it means is the strong dollar is contributing to the deflationary forces but not the same way oil is. oil is just a trans a tory thing that hit the headlines in inflation. the dollar is getting to the core inflation, because holding down the...
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Feb 24, 2015
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first, janet yellen. the federal reserve chief stepping on investors' obsession over the word "patient" regarding when the fed might begin to raise interest rates and become less patient, instead shifting to the words "near term," as in rate hikes may not be warranted near term. and the markets took off on that, absolutely loved it as you can see. but should you trade on all that comes out of the fed? we decided to look how far the markets have come by looking back to july 14th. that is precisely when fed chair yellen said, quote: valuation metrics in some sectors do appear substantially stretched, particularly those for smaller firms -- read the russell 2000 -- in the social media and biotech industries. well, check out this chart, it shows a 36% move higher since yellen made the stretched comment. we've also seen the tech-heavy nasdaq which carries a lot of social media companies shoot to new record after new record. but there was no mention of anyover that today. to our second powerful female, christin
first, janet yellen. the federal reserve chief stepping on investors' obsession over the word "patient" regarding when the fed might begin to raise interest rates and become less patient, instead shifting to the words "near term," as in rate hikes may not be warranted near term. and the markets took off on that, absolutely loved it as you can see. but should you trade on all that comes out of the fed? we decided to look how far the markets have come by looking back to july...
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Feb 26, 2015
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olivia: fireworks on day two of janet yellen's testimony. she is accused of being too closely aligned with the white house and democrats. >> you are not willing to tell us the answer to the question. you want to tell us i am not getting involved in two weeks before an election you make political statements consistent -- >> i am not making political statements. olivia: a number of republicans backing to give more power to the feds. greece is counting on the european central bank. they country must make a payment to the imf in march. the ecb owes greece more than $2 billion from a bond selling program. he says the ecb should hand the money to the imf. >> this is not borrow money. it is our money. our normal payment to the ecb. why not have the two institutions find it amongst themselves a way of transferring these funding. >> investors are showing confidence in the new greek reform proposal. almost $800 million returned to greece bank accounts. in ukraine, the cease-fire may be taking hold. no attacks by pro-russian rebels overnight. the count
olivia: fireworks on day two of janet yellen's testimony. she is accused of being too closely aligned with the white house and democrats. >> you are not willing to tell us the answer to the question. you want to tell us i am not getting involved in two weeks before an election you make political statements consistent -- >> i am not making political statements. olivia: a number of republicans backing to give more power to the feds. greece is counting on the european central bank....
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Feb 25, 2015
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janet yellen opposing that. one of the congressman questioning the chair on the issue of whether or not the fed chair meets more with the white house and congress and whether we ought to up this to four times a year rather than twice a yearp. haven't gotten too much on monetary policy. i think that's going to be on the way. issues on dodd/frank like we heard yesterdayp. sharp questioning regarding whether or not there should be changes in dodd/frank something we know the new republican controlled congress is interested in and monitoring to clues as to what kind of regulatory relief might be coming out of this new congress be. >> thank you very much. let's check in with jon fortt as to what will be on "squawk alley," including, of course janet yellen. good morning, jon. >> we're going to be looking at net neutrality that vote is coming up but it got more complicated with a last-minute twist. also dicks costolo twitter saying you actually don't need to tweet. we'll look at whether that holds water based on the tre
janet yellen opposing that. one of the congressman questioning the chair on the issue of whether or not the fed chair meets more with the white house and congress and whether we ought to up this to four times a year rather than twice a yearp. haven't gotten too much on monetary policy. i think that's going to be on the way. issues on dodd/frank like we heard yesterdayp. sharp questioning regarding whether or not there should be changes in dodd/frank something we know the new republican...
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Feb 25, 2015
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it looks like janet yellen has come to her limits. if you look at the markets and what she is saying and the market expectations of a rate hike they are different. >> i listened yesterday and read her of the transcript. here is my take away, went pretty much every single bank cannot find consensus, she did a good job saying nothing and that was the takeaway. someone who does not want to commit to what they are going to do and was conditioned by what happened with the taper tantrum and worried about what happens in the market if they signal the rates changing. there is concern on her part to not say too much. she is good at saying nothing. >> she said enough to keep everybody happy and, at the same time if you think the data is going to get better, there is a rate hike coming and she is going to be very careful in doing that. she is very dovish and will because she's in making those moves. if you were to say if it was a slightly more hawkish or dovish which side would you be on? >> neither. there is patience and that could come out of
it looks like janet yellen has come to her limits. if you look at the markets and what she is saying and the market expectations of a rate hike they are different. >> i listened yesterday and read her of the transcript. here is my take away, went pretty much every single bank cannot find consensus, she did a good job saying nothing and that was the takeaway. someone who does not want to commit to what they are going to do and was conditioned by what happened with the taper tantrum and...
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Feb 19, 2015
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the key event to watch, janet yellen. did the fed just injure the currency war? -- enter the currency war? >> nestlÉ reporting lowest numbers in five years. uber -- this comes after they raised $1.2 billion in december. a move which valued the company and $40 billion. one of the highest the ua should's for a closely held technology start up. -- the highest valuations for a closely held technology startup. a condo is being put on the market for $150 million by a developer. the highest price paid previously is $100 million in a deal completed in december for a duplex penthouse. you are looking at a live shot of the city of london. futures indicating stocks will open like this. yesterday, we had the ftse inch towards the all-time record high. it is about 20 points shy. futures indicating stocks will open lower. stay with us. ♪ >> the biggest food company in the world posted sales growth. they sounded more upbeat for 2015. caroline hyde has been looking over the numbers. what was your take? >> china stood out. the fact that they said they have to adapt to changing
the key event to watch, janet yellen. did the fed just injure the currency war? -- enter the currency war? >> nestlÉ reporting lowest numbers in five years. uber -- this comes after they raised $1.2 billion in december. a move which valued the company and $40 billion. one of the highest the ua should's for a closely held technology start up. -- the highest valuations for a closely held technology startup. a condo is being put on the market for $150 million by a developer. the highest...
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Feb 26, 2015
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janet yellen when they went to congress, i think laid out a new litmus test. it doesn't have to be 2% it just has to be going in that direction. today's number i would say, falls on the side of making them a little more confident and makes it a bit more of a sure thing that they go. >> do you guys agree, by the way? >> listen, you could have lost a lot of money betting that all of these fed actions were going to drive inflation back to the 2% level. i don't see the need for the inflation for a while, even if it gets back to 2%. >> not this year? >> i'd actually like to see inflation at that 2% level and i'd be willing to get it a little higher. >> that's interesting, sarah. yesterday, the chairman told us that he would like to see the fed raise rates right now. >> he did. and they were pretty aggressive against janet yellen and accusing her of being overly partisan and overly political. it's an interesting tactic. there's no way in washington, when a group of lawmakers is that aggressive against you, that it doesn't have some level of impact on how you look at
janet yellen when they went to congress, i think laid out a new litmus test. it doesn't have to be 2% it just has to be going in that direction. today's number i would say, falls on the side of making them a little more confident and makes it a bit more of a sure thing that they go. >> do you guys agree, by the way? >> listen, you could have lost a lot of money betting that all of these fed actions were going to drive inflation back to the 2% level. i don't see the need for the...
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Feb 24, 2015
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job growth has been great. >> janet yellen is speaking today. if the fed raises rates in the next 3 to 6 months what does that do to the housing market? >> it depends on the increase. if it happens rapidly we could see another event like we saw in may of 2013 where housing froze for a bit or paused if you will. obviously that would be a negative and historically it's not been good for the builder stocks when you have a 50 basis point move or better. if it's slowing gradual and you have job growth that comes with it historically based on precedent it shouldn't be a big deal. >> thank you for joining us. >> thanks for having me. >> all right. up next is another mortgage melttown onmelt meltdown on the horizon? is it going to be caused by the new rules put in place to keep the system safe? that would make sense. that disturbing story after the break. but first check out today's squawk planner. at 9:00 eastern the home price index is out. at 10:00 janet yellen will head to capitol hill to testify on monetary policy. also worth watching mario draghi
job growth has been great. >> janet yellen is speaking today. if the fed raises rates in the next 3 to 6 months what does that do to the housing market? >> it depends on the increase. if it happens rapidly we could see another event like we saw in may of 2013 where housing froze for a bit or paused if you will. obviously that would be a negative and historically it's not been good for the builder stocks when you have a 50 basis point move or better. if it's slowing gradual and you...
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Feb 25, 2015
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then he was succeeded by janet yellen. how is she doing in your judgment? larry: she's done a great job. charlie: essentially the same policies he might have followed? larry: if anything, she might be biased towards a cap more dovishness. i think having stan fisher as the vice chairman , stan might be more right of janet. i think the complement of the two is very good. what i've been impressed with with janet yellen, and i've been to a few meetings with her, she is very forthright, unlike most chair people of the fed. she is describing her views of the world, and she is very open about where she thinks the world is going to go. she will say, if my view is right, we are going to do x. the next six months, we are going to look at the data, and if my views are wrong, we may not do that. the federal reserve announced that they are now considering elongating their zero interest rate policy, and to me -- they cited international conditions and they cited the target inflation rate is not being met. the inflation rate is lower than their target, which gives them mo
then he was succeeded by janet yellen. how is she doing in your judgment? larry: she's done a great job. charlie: essentially the same policies he might have followed? larry: if anything, she might be biased towards a cap more dovishness. i think having stan fisher as the vice chairman , stan might be more right of janet. i think the complement of the two is very good. what i've been impressed with with janet yellen, and i've been to a few meetings with her, she is very forthright, unlike most...
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Feb 27, 2015
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tenure and janet yellen's comments were interpreted as quite dovish. we're mow back above the 2% level. have we learned that much this week? expectations still pointing to the first raid rise. ten year german bond is an interesting one to point out. 7 year fell below zero for the first time ever and the ten year fell below .3% for the first time ever. it's very low as we approach the beginning of the central bank of europe's bond buying program. in greek, 9.46%. still elevated levels in groo greece but not the highs we saw around about a weeks ago. the euro is bouncing back a little bit today. now the u.s. dollar has given up a little bit of ground as the yields came back on the bond and the euro gaining a little bit today. elsewhere we're not seeing too much of a move across the space. worth pointing out the pound which has had a bit of a rally since mid january. we'll talk about that shortly as well. it's 15396. what else is coming up. >> here's what's coming up on worldwide exchange. we tell you about the two stories that sent twitter into melt down
tenure and janet yellen's comments were interpreted as quite dovish. we're mow back above the 2% level. have we learned that much this week? expectations still pointing to the first raid rise. ten year german bond is an interesting one to point out. 7 year fell below zero for the first time ever and the ten year fell below .3% for the first time ever. it's very low as we approach the beginning of the central bank of europe's bond buying program. in greek, 9.46%. still elevated levels in groo...
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Feb 26, 2015
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we have to talk janet yellen. day two from yesterday's testimony, likely to be relieved to get out of congress today after she entered the roughest congressional session of her one-year tenure. house republicans accused her of being too cozy with democrats in the white house. i loved how she was just getting hillary for being too close to the white house and yet congress once to have more control over the fed. they want to be -- the politics was to be a part of the fed. >> she definitely fought back. she basically said to the congressman, you are wrong. considering she was in a political venue, she was not -- did not seem to be playing politics at all. she was not trying to sugarcoat what she was saying. >> not at all. what she outlined overall was the conditions are here in the economy that eventually we will see an interest rate rise. jobs are being created, inflation seems like it may be ticking up. jason, what do you see right now in your business? >> i think it our business, we are given a little more will --
we have to talk janet yellen. day two from yesterday's testimony, likely to be relieved to get out of congress today after she entered the roughest congressional session of her one-year tenure. house republicans accused her of being too cozy with democrats in the white house. i loved how she was just getting hillary for being too close to the white house and yet congress once to have more control over the fed. they want to be -- the politics was to be a part of the fed. >> she definitely...
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Feb 6, 2015
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janet yellen has said she can be patient. she has got testimony later in the next couple weeks up in congress that will be critical testimony. semiannual testimony on monetary policy. that could be her best opportunity to explain where they are going after the jobs report. they have got a factor in a lot of things. they are looking at the international picture. this one report doesn't guarantee what the fed does but it is an indication that maybe their patients may be wearing thin -- patience may be wearing thin. matt: thank you for this exciting labor report. we are going to count you down to the open was the top headlines hitting our radar before the bill today. pimm fox and olivia sterns joining me. number eight in this shortened version, linkedin shares fourth-quarter earnings beat and this site issued a better profit forecast follow-up by the companies wishing to china and products. pimm: 8 million is the number that stood out for me, 8 million people in china. 1.20 4 billion -- no, i know the details. but 8 million peop
janet yellen has said she can be patient. she has got testimony later in the next couple weeks up in congress that will be critical testimony. semiannual testimony on monetary policy. that could be her best opportunity to explain where they are going after the jobs report. they have got a factor in a lot of things. they are looking at the international picture. this one report doesn't guarantee what the fed does but it is an indication that maybe their patients may be wearing thin -- patience...
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Feb 23, 2015
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and federal reserve chair janet yellen to speak before congress tomorrow. we've got someone who says there are two screaming buys you should make ahead of her testimony. >>> plus, a suitor for the shack? shake shack could be a takeover target. he'll steal karen's signature segment again in his own fine print coming up. we start off with trucker demand. retailers and other companies are looking to clear huge cargo backlogs as fast as possible. joining us, derek leathers, the chief operating officer of werner enterprises. great to have you with us. >> great to be here, melissa. >> how bad is the scramble and are you able to exact higher rates because trucks are in such demand right now? >> well, it's going to be a scramble. when you look at what's out on the west coast with 80 vessels roughly up and down the west coast at anchor, or at port, the amount of volume we've got to put through the network is going to be significantly higher than normal activity. so, you know, will rates obviously have to reflect what we have to do to push that much demand through, a
and federal reserve chair janet yellen to speak before congress tomorrow. we've got someone who says there are two screaming buys you should make ahead of her testimony. >>> plus, a suitor for the shack? shake shack could be a takeover target. he'll steal karen's signature segment again in his own fine print coming up. we start off with trucker demand. retailers and other companies are looking to clear huge cargo backlogs as fast as possible. joining us, derek leathers, the chief...
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Feb 24, 2015
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here's a check of your bloomberg top headlines -- federal reserve chair janet yellen says patience. that remains the fed's watchword. in testimony today janet yellen says there is still room for economic improvement before the fed hikes rates. >> i don't think we are back to conditions i would associate with maximum employment or nor bowler -- normal labor market conditions. things have improved normally but we are not there yet. we want to see a healthy recovery continue. cory: yellen also strongly criticized congressional audits saying it would close eyes the process. she even held up the fed audit look, saying most of the operations are subject to audits. greece wins a reprieve as eurozone finance ministers improve an extension of the greek bailout. it sent greek bonds and stocks hires. greece will sell assets consolidate pension funds and revamped tax collections but the imf manager and ecb president say that the greek minister needs to be scrutinized to be believed. president obama vetoed a bill for construction of the keystone pipeline. it is only the third veto of mr. obama's
here's a check of your bloomberg top headlines -- federal reserve chair janet yellen says patience. that remains the fed's watchword. in testimony today janet yellen says there is still room for economic improvement before the fed hikes rates. >> i don't think we are back to conditions i would associate with maximum employment or nor bowler -- normal labor market conditions. things have improved normally but we are not there yet. we want to see a healthy recovery continue. cory: yellen...
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janet yellen was sworn in as fed chair one year ago today. joining me to assess what she has accomplished in the chief u.s. economist at j.p. morgan chase and new york. welcome back. good to see you. it might not be fair but americans like to grade all types of performances. what is janet yellen's grade one year as head of the federal reserve? fax i think at least a b or be plus -- b+. unemployment has continued to fall financial stability has never been in question and if you look at the attitude in consumer sentiment for ordinary americans, people seem to think the economy is going in a good direction. the only reason i would not give her an a or a plus is she has not been given a lot of challenges in her first year. if you think about the last couple of years when we've had european debt crises, the lehman brothers collapse coming to the brink of a debt ceiling default, last year was in the grand scheme of things recall. she has not truly been tested but i think she's done very well. >> last spring, she was said to be behind the curve when
janet yellen was sworn in as fed chair one year ago today. joining me to assess what she has accomplished in the chief u.s. economist at j.p. morgan chase and new york. welcome back. good to see you. it might not be fair but americans like to grade all types of performances. what is janet yellen's grade one year as head of the federal reserve? fax i think at least a b or be plus -- b+. unemployment has continued to fall financial stability has never been in question and if you look at the...
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Feb 25, 2015
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janet yellen back on capitol hill today, this time testifying in front of the house financial services committee. yellen ins is that is independent and does not let the executive branch influence policy. -- insist that it is independent. >> today you are not willing to tell us the answer to the very simple question. you want to tell us i am not getting involved in politics but two weeks before an election, you are making political statements that are consistent with the democratic party. >> yesterday yellen strongly criticized the proposal that would allow the fed additional audits. >> sales of homes did slightly last month. the 481,000, hovering near at six-month high. the northeast of the biggest drop since 2012, the lovely weather probably had a big impact. the midwest of the biggest enough 19%. the west dipping slightly in itself up 2%. uber plans to hire hundreds of people in china this year. this comes after the two largest chinese rifles merged. meanwhile, starwood the writers will get points to the hotels that include the saint regis the w, western. the first partnership or ub
janet yellen back on capitol hill today, this time testifying in front of the house financial services committee. yellen ins is that is independent and does not let the executive branch influence policy. -- insist that it is independent. >> today you are not willing to tell us the answer to the very simple question. you want to tell us i am not getting involved in politics but two weeks before an election, you are making political statements that are consistent with the democratic party....
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Feb 26, 2015
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and house republicans accuse janet yellen of bias. oh, no. it centered on the fed chief's comments on income equality and some are saying you're sticking your nose no places you need to be. that's a little rude. earlier today, stuart varney put this question to the congressman, isn't income inequality to the unemployment. >> that's a fiscal issue up to the congress not the federal reserve. that's what we would expect mrs. yellen to be saying if not pushback from congress. melissa: and simon, i'm not sure how i think about this? doesn't someone have a bias one way or the other? >> except me i'm completely level. melissa: you're just a liar if you don't admit it. >> the comment was a bit rude. the federal reserve has-- >> the congressman's or janet yellen's to the congressman. okay. >> look the federal reserve has created some of the income inequality by bolstering the financial markets with the huge liquidity program. melissa: a ton of it. >> nonetheless, janet yellen it's in her right to make a comment about it because household income hasn't
and house republicans accuse janet yellen of bias. oh, no. it centered on the fed chief's comments on income equality and some are saying you're sticking your nose no places you need to be. that's a little rude. earlier today, stuart varney put this question to the congressman, isn't income inequality to the unemployment. >> that's a fiscal issue up to the congress not the federal reserve. that's what we would expect mrs. yellen to be saying if not pushback from congress. melissa: and...
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Feb 24, 2015
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bond yields are falling on janet yellen's testimony. jackie deangelis is at the nymex with more. >> good afternoon, scott. that's right. it's not just the short term or long term it's really the whole curve yields are falling today. brian, i'm curious to get your take on janet yellen. what were traders in the pits list forng for? >> in general her dovish tone. the fed minutes the economic datand now yellen today all indications they will hold off longer on raising rates. looking at the fourth quarter something like that that's why you're seeing the rally in the bond market and rates drop. a key rejection of the 2.2% level on the 10-year. that rejection headed lower, 1.9 in the near future. >> that is one of the main issues when will rates go up. brian is saying it could potentially be a fourth quarter. what do you think? >> yeah. looks like it could be dovish comments by her. i don't necessarily agree bought if you look by the moves of walmart, the oil workers, dock workers, wages are going up. that signals inflation. labor market could
bond yields are falling on janet yellen's testimony. jackie deangelis is at the nymex with more. >> good afternoon, scott. that's right. it's not just the short term or long term it's really the whole curve yields are falling today. brian, i'm curious to get your take on janet yellen. what were traders in the pits list forng for? >> in general her dovish tone. the fed minutes the economic datand now yellen today all indications they will hold off longer on raising rates. looking at...
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Feb 25, 2015
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. >> something janet yellen said yesterday is not sitting well with investors. for more, we turn to landon dowdy live at cnbc's d.c. bureau this morning. good morning, landon. >> hey, laura, good morning to you. futures are slightly lower after the markets rose tuesday with the dow closing at a new record high. investors reacting to comments from janet yellen who told us in a panel the fed is likely ready to raise interest rates sometime this year, although she didn't say when. yellen says the job market is improving, but inflation remains low. look for data today on new home sales and earnings from lowe's and target. >>> health department insurer anthem says hackers access personal information for nearly 79 million people. that included 60 to 70 million of its own current and former customers and employees. the rest were people enrolled in other blue cross blue shield plans but use their state in a plan where anthem is the operator. it exposed names, birthdays and social securitys, but not medical records or credit card and bank account numbers. >>> and jp morg
. >> something janet yellen said yesterday is not sitting well with investors. for more, we turn to landon dowdy live at cnbc's d.c. bureau this morning. good morning, landon. >> hey, laura, good morning to you. futures are slightly lower after the markets rose tuesday with the dow closing at a new record high. investors reacting to comments from janet yellen who told us in a panel the fed is likely ready to raise interest rates sometime this year, although she didn't say when....
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Feb 23, 2015
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>> i'm watching janet yellen speaking to congress. she will speak tuesday and wednesday. will she leave the door open to wage increase. -- rate increase. will she met things like walmart boosting their wages? will we hear more positive views on that? liz: you look exactly at the opportunity. you know the members about congress will push her when we see rate tightening? >> that is the million, billion dollar question. will she get specific? i don't know. we'll see how far they get into the questioning? david: likely to be contentious. sometimes with people like rand paul? >> it could be. maybe questions about auditing the fed might come up. we'll see if they want toys, even conservative fed members don't want. that they are pushing on that. may have a veto-proof majority. veronica daguerre, "wall street journal." liz: thank for joining us. "the willis report" is next. gerri: hello, everybody, i'm gerri willis. this is "the willis report," the show where consumers are our business. gas prices are shooting up again. we'll investigate why drivers are paying more and how high
>> i'm watching janet yellen speaking to congress. she will speak tuesday and wednesday. will she leave the door open to wage increase. -- rate increase. will she met things like walmart boosting their wages? will we hear more positive views on that? liz: you look exactly at the opportunity. you know the members about congress will push her when we see rate tightening? >> that is the million, billion dollar question. will she get specific? i don't know. we'll see how far they get...
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Feb 26, 2015
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janet yellen sparred with republicans. the fed chair highlighted how the central bank is fighting income inequality. >> what we can do is try to assure -- ensure a generally strong labor market where it is possible for those want to work to find a jobs in a reasonable amount of time. we can determine the wages associated with those jobs -- cannot determine the wages associated with those jobs or what sectors they will appear in. but the general state of the economy and the policies we follow has an important influence on the strength of the job market. >> the pc maker lenovo has had their website hijacked less than a week after they were criticized for exposing -- and google is overhauling their european union. that is according to the financial times. the search engine giant -- this is a -- -- the maker of a fast-growing cancer drug is exploring options including sales. the california-based drugmaker has attracted attention from the likes of johnson and johnson and could fetch up to $17 billion or $18 million in a sale. a
janet yellen sparred with republicans. the fed chair highlighted how the central bank is fighting income inequality. >> what we can do is try to assure -- ensure a generally strong labor market where it is possible for those want to work to find a jobs in a reasonable amount of time. we can determine the wages associated with those jobs -- cannot determine the wages associated with those jobs or what sectors they will appear in. but the general state of the economy and the policies we...
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Feb 25, 2015
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. >>> stocks little change after the dow and s&p 500 closed at record highs da to janet yellen -- da to janet yellen. >>> apple says it will appeal a $532 million verdict handed down yesterday in a patton infringement case in texas. according to bloomberg a company called smart flash claimed apple's itunes violated patents. some call smart flash a patent troll because it's used in the same vague patent to file lawsuits against amazon, google and samsung. an. said they make no products and have no employees and exploiting loopholes in the patent system. >>> two people remain in critical condition this morning and more than a dozen others are hurt after a house exploded in the jersey shore community of stafford township. take a look as the explosion was caught on a police dash cam as a gas leak blew the home apart yesterday. police, firefighters and utility workers were trying to evacuate the area and find the leak when the explosion happened. >>> so quickly the explosion, we had debris all around us, it comes from nowhere. >> very lucky, you know, it could have traveled up more. >> th
. >>> stocks little change after the dow and s&p 500 closed at record highs da to janet yellen -- da to janet yellen. >>> apple says it will appeal a $532 million verdict handed down yesterday in a patton infringement case in texas. according to bloomberg a company called smart flash claimed apple's itunes violated patents. some call smart flash a patent troll because it's used in the same vague patent to file lawsuits against amazon, google and samsung. an. said they make...
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Feb 25, 2015
02/15
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CNBC
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now the house expected to turn up the heat on fed chair janet yellen. what you can expect on transparency. rate hike timing and proposals to audit the fed. >>> the chilly winter weather hasn't cooled off the markets. dom chu taking a closer look at february's hottest stocks. we're going to take a look at the ceo of the one of the biggest gainers. >>> and the magellan fund age of 33 now the owner of the tampa bay lightning. we'll ask about this plans to revitalize tampa. the second hour of "squawk box" begins now. >>> live from the beating heart of business, new york city. this is "squawk box." ♪ >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm andrew ross sorkin along with becky quick -- >> wrapped up like a deuce? >> you can wrap up like a -- >> too early in the morning. >>> chicago mayor recall emanuel facing a runoff on election day. emanuel won 54% of the vote. he is now going to face second place to jesus garcia in april. >>> the house gets a crack at the fed chair today. janet yellen expected to face tougher questi
now the house expected to turn up the heat on fed chair janet yellen. what you can expect on transparency. rate hike timing and proposals to audit the fed. >>> the chilly winter weather hasn't cooled off the markets. dom chu taking a closer look at february's hottest stocks. we're going to take a look at the ceo of the one of the biggest gainers. >>> and the magellan fund age of 33 now the owner of the tampa bay lightning. we'll ask about this plans to revitalize tampa. the...
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Feb 25, 2015
02/15
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FBC
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. >> what was more important janet yellen or barack obama's veto? >> janet yellen. melissa: janet yellen is the most important thing on wall street. >> this is something, listen, my view is if the fed is not going to raise rates you would be crazy not to buy stocks right now. at some point the whole thing will blow up as we know it has to. there is a bubble here. >> janet tells us she will give a warning before that happens. >> if she does race it it will be 25 basis points. >> what you're saying gridlock is effectively baked in. market factors perpetual gridlock. could go higher with keystone pipeline, if we have business-friendly proposals would get a real hearing -- >> should go lower i think because oil prices will go down and markets will go lower. >> that too. melissa: mystery in paris for second night in a row. drones are seen flying over famous landmarks. an investigation is underway who is flying these drones and y what is your take on this story? >> experts say these are sophisticated drones. they're not metallic. they're not weaponized. likely someone mes
. >> what was more important janet yellen or barack obama's veto? >> janet yellen. melissa: janet yellen is the most important thing on wall street. >> this is something, listen, my view is if the fed is not going to raise rates you would be crazy not to buy stocks right now. at some point the whole thing will blow up as we know it has to. there is a bubble here. >> janet tells us she will give a warning before that happens. >> if she does race it it will be 25...
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Feb 23, 2015
02/15
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BLOOMBERG
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. >> janet yellen will speak. what does it mean for you? >> absolutely nothing. >> it is important to say that. >> when companies change the evaluation by $10 billion between two financing rounds and these are largely equity only company is, it is not really relevant to these guys. >> are using the guy -- the market is so distorted, you cannot get a measure of value? >> no, these are because of companies, interestingly, which are backed companies are kind of private equity companies. traditionally, control private equity buyers would lever a company, meaning he would have to put that on the company. debt isn't something you see very often in my market. >> is an ipo now a secondary offering? >> interestingly, ipos used to happen early as financing events. now there's an interesting piece "the wall street journal" put out about the 80 or so companies that are valued over $1 billion in for the ones that have already gone public, they're listed as exited. fundraising happens in them private market. >> thank you so much. in forex, bureau takes o
. >> janet yellen will speak. what does it mean for you? >> absolutely nothing. >> it is important to say that. >> when companies change the evaluation by $10 billion between two financing rounds and these are largely equity only company is, it is not really relevant to these guys. >> are using the guy -- the market is so distorted, you cannot get a measure of value? >> no, these are because of companies, interestingly, which are backed companies are kind of...
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Feb 24, 2015
02/15
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CNNW
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how comfortable is janet yellen? >> a lot of people think it is because of what the united states did years ago which is what europe is considering now. >>> a teenager accused of killing a neighbor in a case of road rage. his lawyer now says it was all in self defense. will the argument hold up in court? we will take you inside this ever-changing and complicated case. >>> the new twist in the fatal shooting of the las vegas woman. the lawyer for erich milton nowsch contendings it was not road rage. rage. nowsch is charged with murder and attempted murder. his lawyer says it may have been self defense. let's get more from sara sidner. >> reporter: we heard a lot of details from the police and the family of slain mother of four, tammy tammy meyers. the suspect was someone the family knew. we are now hearing from nowsch's attorney who said this is not a case of road rage at all. >> we can say with some confidence there was no road rage. >> can you tell me anything about what he is saying happened? >> what we know is a s
how comfortable is janet yellen? >> a lot of people think it is because of what the united states did years ago which is what europe is considering now. >>> a teenager accused of killing a neighbor in a case of road rage. his lawyer now says it was all in self defense. will the argument hold up in court? we will take you inside this ever-changing and complicated case. >>> the new twist in the fatal shooting of the las vegas woman. the lawyer for erich milton nowsch...
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Feb 20, 2015
02/15
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BLOOMBERG
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between draghi janet yellen, the pboc and mark carney. francine: -- randall kroszner: everyone has a tough job. central banks went from being on the front page of the business section to the front page of the newspaper. everyone is in political crosshairs. mario draghi is in more cross hairs because there are so many countries with different points of view he's tried to deal with. i think he has done an excellent job given the constraints he has had. francine: does he have to be bolder or more diplomatic? when the criticisms that is often put on him is why does he listen to the germans on a lot of things like qe he could go ahead and do it. randall kroszner: there's a lot of things you can do that might be unwise to do. mario draghi is a very smart, savvy person who understands you do not want to alienate a major part of the european union and the euro zone. you could do these things but you may need them down the line so you want to build consensus as much as possible. that is why i think his job is so difficult compared with the other c
between draghi janet yellen, the pboc and mark carney. francine: -- randall kroszner: everyone has a tough job. central banks went from being on the front page of the business section to the front page of the newspaper. everyone is in political crosshairs. mario draghi is in more cross hairs because there are so many countries with different points of view he's tried to deal with. i think he has done an excellent job given the constraints he has had. francine: does he have to be bolder or more...
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Feb 26, 2015
02/15
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FBC
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are you happy with the response he received from janet yellen? >> she is going to continue to do it. steven mind the comments were in the context of why there is not bipartisan push in the house and senate to have more oversight, the fed bill passed on a bipartisan basis and it has to do with the fact that she is starting to talk more and more about political issues, things that don't deal with monetary policy and the senate the day before she talked about organization of labor. these are not monetary policy areas. my point to that chairwoman was if she is going to talk about political items she and should expect to be treated like a politician. stuart: how about the issue for example of inequality. if janet yellen were to raise blood issue of inequality is she raising a political question or is she saying within the bounds of an economic question? >> she is raising an important question but it is a political question that if i had a chance to continue the conversation i would have been able to get her to admit the same thing her predecessor said
are you happy with the response he received from janet yellen? >> she is going to continue to do it. steven mind the comments were in the context of why there is not bipartisan push in the house and senate to have more oversight, the fed bill passed on a bipartisan basis and it has to do with the fact that she is starting to talk more and more about political issues, things that don't deal with monetary policy and the senate the day before she talked about organization of labor. these are...
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Feb 27, 2015
02/15
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BLOOMBERG
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with what janet yellen is preparing us for, it's taking -- every meeting is for a rate hike. the risk premium goes back in. >> let me ask you about what the fed is trying to do. they want to bring on some level of inflation. historically, that is a goal of the you have deflationary climates because of what is going on in oil. a good friend of mine argues that if the fred -- said it would raise interest is that possibility? >> i think the fed will air on the side of caution. you will hear about raising too early. >> aren't they already behind the curve? >> i would say no. we just haven't seen the kind of inflation pressures like accelerating wage growth. if this were moving back to the goal instead of moving further away, that would get them to raise rates as well. this is not affected is going to take a leap of faith and say let's raise rates and hopefully that will give confidence to the economy and get lending moving. you run the risk of choking off an early economic extension. >> maybe walmart has just help the fed make its case. >> we have a state putting in minimum wage
with what janet yellen is preparing us for, it's taking -- every meeting is for a rate hike. the risk premium goes back in. >> let me ask you about what the fed is trying to do. they want to bring on some level of inflation. historically, that is a goal of the you have deflationary climates because of what is going on in oil. a good friend of mine argues that if the fred -- said it would raise interest is that possibility? >> i think the fed will air on the side of caution. you will...